Defendants misappropriated $14 million from retail investors using fake trading and fake offerings December 22, 2025/US SEC The Securities and Exchange Commission today filed charges against purported crypto asset trading platforms Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc. and investment clubs AI Wealth Inc., Lane Wealth […]
Frauds & Scandals
CBN Revokes Licences of Aso Savings, Union Homes
December 18, 2025/CSL Update The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches and weak financial conditions that rendered both institutions unviable. The revocations took effect on 15 December 2025 and […]
SEC Sues Former Executives of Arizona-Based Company for Accounting and Disclosure Fraud
December 17, 2025/US SEC On December 15, 2025, the Securities and Exchange Commission charged Fred W. Wagenhals, Robert D. Wiley, and Christopher D. Larson, three former executives of Scottsdale, Arizona-based Ammo, Inc. n/k/a Outdoor Holding Co., with accounting and disclosure fraud. According to the SEC’s complaint, Defendants Wagenhals and Wiley […]
